S Immo Hungary’s Blue Cube office building has been awarded a Very Good green rating in the BREEAM In-Use category and an Excellent rating in the Building Management category.

Investment transactions worth €336 million were concluded on Romania’s property market in the first semester of 2022, up 13% year-on-year, while for the whole year the sector could generate deals closer to or even higher than €1 billion, according to a report by real estate consultancy Colliers. 

Accolade has completed its first photovoltaic power plant in its Bydgoszcz industrial park. This is a significant milestone in the group's long-term strategy toward energy security in its industrial parks in Europe.

The fears of a recession are likely to cool down the red-hot real estate market in CEE countries, Erste specialists expect. According to them, this will be influenced mainly by surging inflation, the cost of credit and cooling down of the borrowing, and shrinking of the disposable household income which will also worsen the borrowing appetite in the coming periods. There is a change in the respondent’s behaviour too. Whereas respondents from Poland, Hungary and Croatia are open to buying or building a house, Czechs, Slovaks and Slovenians are less inclined to do so, say Erste experts in their recent special report.

Property developer Prime Kapital has delivered four out of five apartment buildings in its first residential project in Bucharest. The company has invested €47.8 million in the project that will feature 458 apartments. 

Andrzej Potyra, Head of Żabka Property Fund has talked to Property Forum about his investment strategies and recent developments, both retail and warehouse ones.

CTP has appointed Patrick Zehetmayr as Chief Financial Officer. Current CFO Richard Wilkinson will now focus on his previous dual role as Deputy CEO primarily overseeing the Company’s Central and Eastern European markets.

Starting this summer, an unmanned Żabka Nano store operates in Aeropark Business Centre, owned by GTC. 

Today, the Governing Council of the European Central Bank decided to raise the three key ECB interest rates by 50 basis points and approved the Transmission Protection Instrument (TPI) in an effort to make sure inflation returns to its 2% target over the medium term.

IHG Hotels & Resorts will operate the Athénée Palace hotel owned by Romanian ANA Hotels under a management contract, starting from 2023. Following the rebranding process, Athénée Palace Hilton will become InterContinental Athénée Palace Bucharest.